Standard Pricing Engine Assumptions

 

Unless otherwise disclosed, all quoted pricing assumes the following borrower, property, and loan qualifications:

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Purpose of Pricing Assumptions

 

Our pricing engine provides estimated loan terms based on standard borrower and property qualifications. These assumptions allow us to generate pricing without requiring a full loan application, credit report, or supporting documentation upfront.

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These are pricing assumptions, not minimum lending requirements. Borrowers who do not meet them may still qualify for financing through other investors or loan programs, potentially at different rates, fees, or terms.

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If verified borrower or property information differs from these assumptions, the original pricing may change to reflect the loan programs and investors available for the actual circumstances.

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When Pricing May Change

 

Quoted pricing may change when verified borrower, property, or loan information differs from the assumptions used to generate the original estimate, or when market conditions change before the interest rate is locked.

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Such differences may affect eligibility with the originally selected investor, requiring an alternative loan program with different interest rates, fees, LTV limits, or other terms.

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Pricing adjustments must be based on material differences in verified information, borrower-requested changes, applicable investor requirements, or market conditions—not arbitrary changes to our pricing.

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Borrowers may still qualify for financing even when their circumstances differ from our standard pricing assumptions.

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Property & Loan Eligibility

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• Property is used exclusively for an eligible business or investment purpose.

• Property type, condition, zoning, occupancy, and legal use satisfy standard investor requirements.

• Property has marketable and insurable title without unresolved ownership, permits, or lien issues.

• Property value and outstanding mortgage balances are accurately disclosed.

• Rental income, leases, property taxes, insurance premiums, and association dues are accurately represented.

• Minimum qualifying DSCR of 1.0, calculated using gross rental income divided by PITIA.

• Five-year prepayment penalty with a fixed 5% penalty during the applicable period, where permitted.

• No material property defects, deferred maintenance, or unpermitted improvements affecting financing eligibility.

• No undisclosed litigation or legal restrictions affecting the borrower, borrowing entity, or subject property.
   

Credit & Payment History

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• No mortgage payments 30 or more days late within the past 12 months.

• At least 12 months of verifiable housing payment history.

• No foreclosure proceedings or foreclosure-related events within the past 24 months.

• No bankruptcy filings, discharges, or dismissals within the past 36 months.

• No recent short sales, deeds in lieu of foreclosure, or mortgage charge-offs.

• No active mortgage forbearance, repayment plans, or unresolved loan modifications.

• No outstanding judgments, material collections, charge-offs, or significantly delinquent credit obligations.

• Sufficient established credit history and qualifying mortgage FICO scores.

• No undisclosed debts or financial obligations materially affecting investor eligibility.
   

Financial Qualifications

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• At least 12 months of verifiable liquid reserves based on the applicable monthly housing payment.

• Sufficient verified funds for the down payment, closing costs, and required reserves.

• No delinquent property taxes, unresolved tax liens, or material outstanding tax obligations.

• No undisclosed liens, judgments, or other financial encumbrances.

• Acceptable and verifiable sources of funds.

• No material undisclosed changes in financial circumstances.
   

Ownership & Investor Experience

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• Borrower is not a first-time homebuyer.

• Borrower has sufficient real estate investment experience to satisfy standard investor requirements.

• For refinances, borrower has held title to the subject property for at least six months.

• No recent ownership transfers that restrict financing eligibility.

• No undisclosed changes in ownership, vesting, or borrowing entity.

• Acceptable entity documentation and personal guarantees, where required.
   

Investor Eligibility & Pricing Adjustments

 

These assumptions establish the baseline qualifications used by our pricing engine. Individual investors may impose different underwriting, credit, ownership seasoning, reserve, and property eligibility requirements.

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Borrowers or properties that do not meet these assumptions may still qualify for financing through alternative investors or specialized loan programs.

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Any verified deviation from these assumptions may affect investor eligibility, interest rates, lender fees, maximum LTV, reserve requirements, prepayment penalties, or other loan terms.

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All quoted pricing is subject to verification, underwriting approval, investor guidelines, and prevailing market conditions.